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1.The following information relates to the VPC hotel on December 31, 20X0 Sales$305,000 Accounts receivable$27,500 Required: If bad debts are calculated to be 2% of

1.The following information relates to the VPC hotel on December 31, 20X0

Sales$305,000

Accounts receivable$27,500

Required:

If bad debts are calculated to be 2% of sales, create the journal entry to record the allowance for doubtful accounts.

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